Motorists and businesses are set to receive relief this week as local retail fuel prices record significant declines, driven by lower international benchmark costs and a stronger local currency. Effective Aug. 11, local pump prices for gasoline will decline by ₱4.70 per liter, diesel by ₱4.30...
Motorists are on track for a second consecutive week of relief at the pump, with local fuel prices projected to fall by as much as ₱5 per liter as diplomatic movements in the Middle East pull down global crude benchmark rates. Based on four-day trading averages from the Mean of Platts Singapore...
Motorists are set to receive a brief respite at the pump as domestic fuel prices decline in the first week of August, ending a monthlong streak of consecutive weekly increases, according to data from the Department of Energy (DOE). Effective Tuesday, Aug. 4, retail prices for diesel will drop by at...
Retail pump prices are poised to drop during the first week of August following consecutive weeks of steep price hikes. Based on four-day trading data from the Mean of Platts Singapore—the regional benchmark for refined petroleum products—gasoline prices could decline by ₱1 to ₱1.5 per...
Following the initial peace talks in the Middle East last week, petroleum products are set to post substantial price rollbacks across gasoline, diesel, and kerosene. Effective Tuesday, June 23, the Department of Energy (DOE) has prescribed a range of oil price adjustments to be implemented by oil...
Motorists are on track for major relief at the pumps next week, with diesel prices poised to plunge by up to ₱9.5 per liter and gasoline by up to ₱5.00 per liter as global oil markets cool down. Based on the four-day trading average of the Mean of Platts Singapore (MOPS), the regional...
Local pump prices are on track for a big-time rollback next week, with diesel projected to drop by up to ₱9 per liter and gasoline by ₱5 due to the United States (US)-Iran peace deal, which will reopen the Strait of Hormuz, a critical global oil route. Based on the first three days of...
Looming price hike in gasoline will pinch drivers next week, though diesel motorists will see some relief from an expected price rollback. Based on the first four days of regional commodity trading, retail diesel prices are projected to drop by ₱3.5 to ₱4 per liter next week, according to...
Renewed friction in the Middle East is set to hit transport networks next week with the projected spike in diesel prices, even as localized inventory buffers hand gasoline users the second straight weekly rollback. Based on the four-day average of the Mean of Platts Singapore (MOPS), the regional...
Fuel prices are set to tumble, offering motorists major reprieve after weeks of escalating costs driven by geopolitical frictions. The Department of Energy prescribed a minimum rollback effective Tuesday, June 2, reducing diesel by ₱9.26 per liter, gasoline by ₱4.76 per liter, and kerosene by...
Consumers are poised for much-needed relief at the pump next week as global oil benchmarks edge lower on rising optimism surrounding a potential 60-day ceasefire between the United States (US) and Iran, which could lead to the reopening of the critical Strait of Hormuz. Based on the four-day Mean...
Gasoline prices will increase for the third straight week starting Tuesday, May 12, while diesel prices will continue to decline. Based on the prescribed adjustments of the Department of Energy (DOE), gasoline prices will rise by ₱0.47 per liter, while diesel prices will see a ₱9.57-per-liter...
